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Australian Banks

  • $50 Million Penalties Loom for Companies Allowing Scams Under Proposed Australian Law
    $50 Million Penalties Loom for Companies Allowing Scams Under Proposed Australian Law
    A proposed new code aims to stop Australians losing almost $3 billion to scammers as they did last year.
    September 13, 2024BY Rex Widerstrom
  • Most Populous Australian States Struggling Compared to Smaller Regions: CEO
    Most Populous Australian States Struggling Compared to Smaller Regions: CEO
    NAB's CEO says WA, QLD, and NT see strong growth, but an economic divide persists.
    August 30, 2024BY Naziya Alvi Rahman
  • Australian Lenders Failing to Assist Struggling Customers: ASIC
    Australian Lenders Failing to Assist Struggling Customers: ASIC
    Despite being required by law to have processes to assist customer who are in debt, banks have made ...
    May 19, 2024BY Rex Widerstrom
  • Banks Not Paying Customers Enough Interest: ACCC
    Banks Not Paying Customers Enough Interest: ACCC
    The ACCC has found that in the first six months of 2023, on average 71 percent of eligible ...
    December 17, 2023BY Rex Widerstrom
  • Savers Miss out as Australian Banks Exploit ‘Consumer Inertia’
    Savers Miss out as Australian Banks Exploit ‘Consumer Inertia’
    Switching bank accounts and updating payment details is an inconvenience the consumer watchdog wants streamlined to stoke competition ...
    December 15, 2023BY AAP
  • Banks Declare War on Scams With Warnings for New Payees
    Banks Declare War on Scams With Warnings for New Payees
    Australian banks will warn customers to exercise caution before transferring money to someone new in an industry-wide crackdown ...
    November 24, 2023BY AAP
  • Major Bank Backs National Digital ID ‘For All Australians’
    Major Bank Backs National Digital ID ‘For All Australians’
    National Australia Bank believes industry and community-led digital ID will complement and extend the reach of government digital ...
    November 13, 2023BY Monica O’Shea
  • Inquiry into Regional Bank Closure Reveals Shocking Shortfalls in Decision Making
    Inquiry into Regional Bank Closure Reveals Shocking Shortfalls in Decision Making
    A senate inquiry into bank closures in regional Australia has revealed shortfalls in banks’ decision-making leading to the ...
    May 24, 2023BY Sophia Jiang
  • Australian Banks Launch New Platform to Help Halt Fraudulent Payments
    Australian Banks Launch New Platform to Help Halt Fraudulent Payments
    Australian banks launched a new digital platform on May 16 to help stop customers from losing money to ...
    May 17, 2023BY Sophia Jiang
  • Major Australian Bank Starts Cutting Cash Services At Branches
    Major Australian Bank Starts Cutting Cash Services At Branches
    One major Australian bank has begun phasing out cash transactions at a number of its branches saying it ...
    April 7, 2023BY Lis Wang
  • ‘Fast Path to Extreme Financial Hardship’: Consumer Groups Call for Buy Now, Pay Later Regulation
    ‘Fast Path to Extreme Financial Hardship’: Consumer Groups Call for Buy Now, Pay Later Regulation
    A group of international consumer groups across 10 countries, including Australia, New Zealand, and the United States, are ...
    March 16, 2022BY Rebecca Zhu
  • More Help Arrives For Flood-stricken Areas in Australia
    More Help Arrives For Flood-stricken Areas in Australia
    Insurance assessors, communication technicians and banking staff have arrived in flood-impacted areas of Queensland and New South Wales ...
    March 14, 2022BY Alfred Bui
  • Australian Banking Taskforce to Assess Impact of Bank Branch Closures in Regional Areas
    Australian Banking Taskforce to Assess Impact of Bank Branch Closures in Regional Areas
    A government taskforce involving the big four banks, peak bodies, and Australia Post will examine the impact of ...
    October 22, 2021BY Rebecca Zhu
  • World’s Biggest Coal Export Port Loses Funding Over Climate Change
    World’s Biggest Coal Export Port Loses Funding Over Climate Change
    ANZ will no longer fund the world’s biggest coal export port at Newcastle on the back of the ...
    February 9, 2021BY Rebecca Zhu
  • Australian Government Flags Eased Rules for Borrowers
    Australian Government Flags Eased Rules for Borrowers
    Relaxed rules around property loans are expected to help thousands of Australians get into their first home sooner. ...
    September 25, 2020BY AAP
  • Westpac to Pay Australia’s Largest Fine for Breaching Laws That Stop Terrorism, Child Exploitation
    Westpac to Pay Australia’s Largest Fine for Breaching Laws That Stop Terrorism, Child Exploitation
    Westpac has agreed to pay $1.3 billion, the largest fine in Australian corporate history, to settle a case ...
    September 23, 2020BY Daniel Y. Teng
  • Australian Banks Will Feel Virus Heat Next Year: ANZ Chief
    Australian Banks Will Feel Virus Heat Next Year: ANZ Chief
    ANZ's chief expects banks to feel the worst of the COVID-19 pandemic in the middle of next year. ...
    September 3, 2020BY AAP
  • Australian Banks to Extend Home Loan Deferral to Customers in Need
    Australian Banks to Extend Home Loan Deferral to Customers in Need
    The Australian Banking Association (ABA) announced on July 8 a second wave of financial support to help customers cope ...
    July 9, 2020BY Sophia Jiang
  • Australian Banks Promise to Help Customers: Treasurer
    Australian Banks Promise to Help Customers: Treasurer
    Australia's major banks have assured the Morrison government they will continue supporting customers affected by the COVID-19 pandemic. ...
    June 27, 2020BY AAP
  • Australian Banks Urged to Continue Supporting Households and Businesses as Relief Measures Are Reviewed
    Australian Banks Urged to Continue Supporting Households and Businesses as Relief Measures Are Reviewed
    Australia’s top financial regulators have urged banks to tap into their capital buffers to continue supporting households and ...
    June 25, 2020BY Sophia Jiang
TOP NEWS
  • FDA Investigates New Cyclospora Outbreak as Cases on Rise Across Midwest
    1hr By Kimberly Hayek
    FDA Investigates New Cyclospora Outbreak as Cases on Rise Across Midwest
  • Trump Denounces Communism, Touts Trump Accounts for Children in Georgia Speech
    2hr By Travis Gillmore
    Trump Denounces Communism, Touts Trump Accounts for Children in Georgia Speech
  • 124 Swiss Lawmakers Condemn Beijing’s Transnational Repression of Falun Gong
    3hr By Arthur Zhang
    124 Swiss Lawmakers Condemn Beijing’s Transnational Repression of Falun Gong
  • Live From Capitol Hill: ‘Unbroken’ Panel Discussion on Artistic Freedom
    3hr By Epoch Video
    Live From Capitol Hill: ‘Unbroken’ Panel Discussion on Artistic Freedom
  • The New Cholesterol Pill Isn’t for Everyone. Here’s How to Tell.
    3hr By Sheramy Tsai
    The New Cholesterol Pill Isn’t for Everyone. Here’s How to Tell.
  • Senate Panel Advances Bill to Make Hospitals Compete on Price
    4hr By Lawrence Wilson
    Senate Panel Advances Bill to Make Hospitals Compete on Price
  • House Adopts Budget Blueprint for $95 Billion Reconciliation Package
    5hr By Jackson Richman
    House Adopts Budget Blueprint for $95 Billion Reconciliation Package
  • House Passes Congressional Stock Trading Ban
    5hr By Jackson Richman and Nathan Worcester
    House Passes Congressional Stock Trading Ban
  • US Signs Nuclear Cooperation Deal With Saudi Arabia
    5hr By Emel Akan
    US Signs Nuclear Cooperation Deal With Saudi Arabia
  • Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
    6hr By Jack Phillips
    Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
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